UOB Kay Hian Research analyst Jonathan Koh has maintained his “buy” call for Far East Hospitality Trust (FEHT) with a target price (TP) of 71 cents.In his report dated Nov 28, Koh says that FEHT is a pure play on the recovery of room rates in Singapore, with variable rent recovering to pre-pande...

CGS-CIMB Research is reiterating its “add” recommendation on Far East Hospitality Trust (FEHT) but with a lowered target price of 73 cents from 80 cents previously, as analysts Lock Mun Yee and Natalie Ong factor in higher risk-free rates amid a rising interest rate environment.Nonetheless, Lock...

FAR East Hospitality Trust (FEHT) reported a 12 per cent year on year increase in its income available for distribution for Q3 2022, to S$15.1 million from S$13.5 million in Q3 2021, according to a business update provided via bourse filing on Thursday (Oct 27).

Far East Hospitality Trust (FEHT) has reported gross revenue of $21.2 million for the 3QFY2022 ended Sept 30, 2.0% higher y-o-y.The growth in gross revenue was due to the growth in the trust’s hotels segment, which increased by 4.7% y-o-y to $14.9 million. It was, however, offset by the decline in...

At the panel discussion titled Risks and Opportunities for S-REITs Going Overseas held on Sept 26, Ronald Tan, senior vice-president, equity global market, global sales & origination, Singapore Exchange (SGX), in the opening address said he was asked why the exchange continues to promote oversea...

DBS Group Research analysts Geraldine Wong and Derek Tan are recommending investors accumulate units in hospitality S-REITs ahead of a projected share price re-rating as travel demand returns strongly.According to the analysts, room rates have leaped past pre-Covid levels, fueled by the strong meeti...

There are different views on this, but on the whole the move to Sora is meant to be neutral with reference to SOR. On the other hand, it appears that S-REITs, corporates and any entity or consumer with a loan are likely to face higher funding costs. That impact has not yet been fully felt because th...

A tiny 91-year-old looms large over Singapore’s Formula 1 Grand Prix, but he is not one of the drivers. He won’t even be here this month. But, he is the unseen force that will power the race.Bernie Ecclestone is the F1’s godfather. He controlled the sport for four decades until his fall from g...

UOB Kay Hian has maintained its “overweight” rating on the Singapore REIT (S-REIT) sector.Analyst Jonathan Koh notes that S-REITs has in the first two weeks of August suffered a mild decline, but has underperformed the Straits Times Index (STI) by 1.8%. Inflation has also moderated with US CPI e...

Hospitality trusts are viewed as the most volatile in the Singapore REIT (S-REIT) sector, as evidenced by their performance during 2020 and 2021, except Ascott Residence Trust (ART). (See Table 1). The reason is because ART is not just a hospitality trust. Since its inception in 2006, it has had —...

Singapore has opened up its borders to welcome foreign tourists since April. This big move from the Singapore government has no doubt impacted — in a positive way — the sectors that heavily rely on tourism, especially the aviation and hospitality sectors.While the aviation players are seeing hig...

Far East Orchard has reversed into the black with earnings of $8.0 million in the 1HFY2022 ended June, compared to the loss of $1.9 million in the same period the year before.Far East Orchard is part of the Far East Organization group, which owns 33% of Far East Hospitality Trust's manager.Revenue w...

DBS Group Research analysts Geraldine Wong, Derek Tan, Rachel Tan and Dale Lai are optimistic on the Singapore REITs (S-REITs) sector. This is in light of having much economic tumult blown over for the sector, as the Fed hike momentum tapers and inflation levels wane, the analysts write in their Aug...

Analysts from UOB Kay Hian and Maybank Securities have maintained their “buy” call and raised their target prices on Far East Hospitality Trust, after the REIT released its 1HFY2022 results ended June.UOB Kay Hian had raised its target price from 77 cents to 83 cents, while Maybank lifted its ta...

The manager of Far East Hospitality Trust (FEHT) has reported a 40% surge in distribution per share (DPS) of 1.54 cents for the 1HFY2022 ended June, from the DPS of 1.10 cents in the 1HFY2021.Distribution to the REIT’s stapled security holders increased by 41.0% y-o-y to $30.6 million, which inclu...